From Jakarta Globe – Malaysia’s PETRONAS Profit Up 54.3 Percent

December 17, 2011

Dateline 2011-12-02:

Malaysian state energy firm Petronas said on Thursday that its second-quarter net profit increased 54.3 percent from the year-earlier period, boosted by higher crude oil prices.

Petronas said in a statement that its profit for the three months ending Sept. 30 was 18.35 billion ringgit ($5.84 billion), up from 11.89 billion ringgit in the same quarter last year.

Revenue for the company, Malaysia’s only Fortune 500 firm, also increased 26.0 percent in the quarter to 71.83 billion ringgit year-on-year despite a “challenging” economic environment, it said.

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PETRONAS Tackles Malaysia’s Gas Problems as Net Rises

December 14, 2011

Dateline 2011-12-01:

Petroliam Nasional Bhd., Malaysia’s state oil company, announced plans to tackle the Southeast Asian nation’s gas supply shortage as it reported a 48 percent jump in quarterly profit.

The Kuala Lumpur-based group, which manages all the country’s energy reserves, will build a fourth gas import terminal and a second floating liquefied natural gas plant, Chief Executive Officer Shamsul Azhar Abbas told reporters today. It also agreed to partially absorb extra costs incurred by power producer Tenaga Nasional Bhd. due to supply disruptions, he said.

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Saturday Star 2011-12-10 – Job Opportunities

December 12, 2011

Support me by purchasing my recommendations, or buying through my Amazon store. I need the money to pay for running this site. Corporate level sponsors are encouraged.

If you need my help to submit your CVs, donate to the blog, and I’ll review your CV to see if it is worthy of my (and my associates’) expectations. If you can’t figure out how to donate, no need to ask.

  • I’m looking for a senior process engineer, 7+ years experience. Send your cv here . Also looking for process safety persons, lead piping designer, lead instrument engineer, and other seniors you think will catch my eye.
  • Oh, PETRONAS is looking for RAPID candidates. Visit http://www.discoverpetronas.com.
  • Total is looking for an HSE engineer, night drilling supervisor. Send your CV  here, or visit here.

May I suggest that readers install the Waze app on their phones? And use it as much as possible? It says its a “a social mobile application providing free turn-by-turn navigation based on the live conditions of the road. 100% powered by users, the more you drive, the better it gets. Join the community of drivers in your area today!” The more you use it, the better info I get in planning my journey round KL, and hopefully the rest of Malaysia

If you are fans of classic gaming, support those old time PC classics at Good Oil Games. I wish they had a local setup here. And they just started their Xmas 50% off drive!

Support your local bookshop! Visit Bookalicious at The Summit Subang, good selection of imported books. I think they focus on trilogies, quadrilogies, and otherologies. Tell them I sent you, and enjoy the look of perplexity on their faces

Let’s talk a bit about deepwater books:

  

Deepwater Petroleum Exploration & Production, A Sea in Flames, Disaster on The Horizon

This week’s food recommendation is anything strawberrish from Cameron Highlands. And that’s why this weeks posting is late.

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ROC Oil eyes more projects in Malaysia

December 8, 2011

Dateline 2011-11-29:

Australia’s ROC Oil Co Ltd is keen to bid for more Malaysian projects after clinching a deal to develop the Balai cluster marginal oilfield, offshore Sarawak, with partners Dialog Group Bhd and Petronas Carigali Sdn Bhd.

ROC general manager for corporate affairs and planning Mathew Gerber said Balai is an initial entry and the company aims to increase its presence in Malaysia’s oil and gas sector, if given the opportunity.

“We have a lot more to offer,” he said, adding that the project award is a vote of confidence in ROC’s abilities as an operator of small fields.

…

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Petronas accelerating efforts to enhance production of oil and gas for M’sia

December 1, 2011

Dateline 2011-11-16:

THE excitement in the oil and gas (O&G) sector just gets better, with oil giants Petroliam Nasional Bhd (Petronas) and Royal Dutch Shell plc joining forces to further develop oilfields in Malaysia using the enhanced oil recovery (EOR) technology.

The duo had last week signed a heads of agreement for two 30-year production-sharing contracts (PSCs), which would entail a total investment of US$12bil (RM37.8bil), for projects using the EOR technology a technique to boost the extraction of crude oil and natural gas from existing fields off Sabah and Sarawak.

Involving four oilfields in the North Sabah area and nine in the Baram Delta off Sarawak, the EOR projects on a combined basis could be the biggest in the world in an offshore environment.

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PETRONAS finds “significant” oil off Malaysia’s Sabah

November 27, 2011

Dateline 2011-11-15:

  • Reserves of 227 mln boe, oil output rate of 8,200 bpd
  • Estimated reserves have upside potential – PETRONAS
  • Sabah has 12 pct Malaysia’s gas reserves, 25 pct of oil-analyst

Malaysia’s Petronas discovered oil offshore Sabah in the latest “significant” find this year in the hydrocarbon-rich state on Borneo island, as the national oil company sets to boost reserves and output amid easing production costs.

Initial estimates put the well’s reserves at 227 million barrels of oil equivalent (boe) and tests in three different reservoirs yielded a maximum output rate of 8,200 barrels per day (bpd), Petroliam Nasional Bhd (Petronas) said on Tuesday.

Petronas’ exploration and production arm, Petronas Carigali Sdn Bhd, is the sole equity holder of the production-sharing contract (PSC) for the block. Wakid-1 is the second well drilled in the block. The first, Tambuku-1, yielded only minor gas discovery, Petronas said in a statement.

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From Business Times – PETRONAS,Shell ink oil deals in Malaysia

November 25, 2011

Dateline 2011-11-11:

Petroliam Nasional Bhd, Malaysia’s state oil company, signed two production-sharing deals with Royal Dutch Shell’s Malaysian unit today.

An agreement for two 30-year contracts to recover oil off the Southeast Asian nation’s Sarawak and Sabah coasts was sealed today, Shell said in an e-mailed statement.

The companies aim to extend the life and increase the recovery rate at the Baram Delta and North Sabah fields, it said.

This may result in an additional oil production of as much as 100,000 barrels per day of oil equivalent and extend their life beyond 2040.

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From Bernama – BC Petroleum To Invest RM2.55 Billion In Small Field Risk Service Project

November 24, 2011

I’m sorry, 53 jobs?

Dateline 2011-11-10:

BC Petroleum Sdn Bhd will invest up to RM2.55 billion in the small field risk service project of the Balai Cluster Field, offshore Sarawak.

The project, which will be carried out in two phases, is awarded by Petronas.

BC Petroleum is a joint-venture company between Roc Oil Malaysia (Holdings) Sdn Bhd, Dialog D&P Sdn Bhd and Petronas Carigali Sdn Bhd.

The project is projected to contribute RM4.95 billion to the country’s gross national income (GNI) and create 53 jobs by 2020.

…

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PETRONAS Licensing – Conceptual and Detailed Design Work

November 18, 2011

Have you renewed your PETRONAS license recently? There’s been a change which seems to me shouts out ‘grow big or go home,’ and now shuts out small companies from bidding for multi-disciplinary engineering work.

From my point of view, there are two Standardised Work and Equipment Categories (SWEC) categories you need to be registered under to get the above work:

  • SE201010000 – ENG. DESIGN, ARCH. & DRAUGHTING SERVICES -Engineering Design- Conceptual Engineering Design/FEED
  • SE201020000 – ENG. DESIGN, ARCH. & DRAUGHTING SERVICES -Engineering Design- Detailed Design

However, the Minimum Technical Requirements (MTR) are so onerous that you can’t get these categories if you are small and don’t have a multidisciplinary team in your company (us small companies have tie-ups that would be technically capable of executing projects of the appropriate size, but we don’t have a single vehicle that would meet the requirements below).

What do you think? Are you affected by this change?

C’mon PETRONAS, lighten up.

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IEM Shout Out – Talk on An Overview of Heat Exchangers: The Industry Experience

November 8, 2011

This is a shout out for the IEM. My Technical Division will be  hosting a seminar on the 11th November, 2011. It’ll start at 9:00am and is worth 2 CPD hours. You still gotta climb those steps at Wisma IEM.

This is held in conjunction with our AGM. Please turn up for that as well.

The subject of Thermodynamics taught in college always refers to Heat Exchanger as the equipment to exchange heat. However, not many engineers post-graduation have the opportunity to work directly with Heat Exchangers. These Heat Exchangers are widely used in the industries, especially in the Oil & Gas facilities. There are various types of heat exchangers which are selected based on specific intended process requirement.

The talk will provide an overview on the types of heat exchangers commonly used in the Oil & Gas industry based on the Codes & Standards used during the design such as the Shell & Tube Heat Exchangers, Air-Cooled Heat Exchangers, Double Pipe Heat Exchangers and the Plate Heat Exchangers. This will be followed by an example of the fabrication processes, the common welding processes such as GTAW, SMAW, SAW and the main forming processes such as plate rolling and tube bending.

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Ir. Alzakri Ekhwan is a Principal Engineer for Static-Unfired Equipment at PETRONAS Penapisan (Melaka) Sdn. Bhd. (PP(M)SB), an oil refinery that handles 270,000 bbl per day of crude oil.  He graduated from University of Bath, UK in Mechanical Engineering in 1993 and has more than 18 years of experience in the design, fabrication, maintenance, inspection and construction of Static Equipment in the Oil and Gas industry.

Register here or download the form here. A map to Wisma IEM is presented here.

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